Skip to main content

About your Search

KRON (MyNetworkTV) 2
( more )
English 52
Search Results 0 to 49 of about 52 (some duplicates have been removed)
vote wednesday on a three-monnh extennion of the debt ceiling - but with a stipuuation the senate passes a budget in the next few months.the white houue says it's ready to work towards something lasting.what we support is a long-term raising of the debt ceiling ssothat we don't have any doubt or the global economy about the simple proposition thattthe unitte states always pays its biilsalso on the ppesident's ccmprehensive immigration reform.and nnthe aftermath of the newtown, connecticut sshool schooting - a push for congress to pass tighter gun pontrol washington, i'm tory dunnan. 3 the presidenn mmy have a llt of convincing to do... if he wwnts his second--erm agenda to pass passright now...51--ercent off people apppove of the jjb he president is doing.43 perceet disapprove. disapprove....and president obbma...has the 3rd áworstá job approval ratiig for his first term......of any president after world war 2. the avvrage for his first teem wass499point-1.just gerald ford and jimmy ccrter fared 3 coming up innour 6 o'clock hour... 3
: house republicans are of the debt ceiling - but with a stipulation the senate passes a budget inthe white house says it's ready to work towards something lasting. >> what we support is a long-term raising of the debt ceiling so that we don't have any doubt or uncertainty for businesses the simple proposition that pays its bills >> reporter: also on the president's radar in the next four years- comprehensive immigration reform. and in the aftermath of the in washington, i'm tory >> pam: beyonce.lip syncing the star spangled banner it could be perhaps because of the freezing cold temperatures and yesterday during the inauguration. >> jacqueline: hous and cooler temperatur. for the sierras, this is not going to permit much cold air but we're going to see rainfall at the highest elevations. dry conditions on thursday, friday but there's a chance for more rain this weekend. a look at your extended forecast and dry on thursday. the chance for showers it just a 30 percent chance. 40 percent chance on friday, the computer models are not quite in agreement of what could happen but we will k
murray is going to be my lead on the budget. senator baucus is going to be my lead on the debt ceiling. [inaudible] >> aren't accurate or inaccurate schenck, president department vice president attended interfaith prayer service in washington. the sermon was delivered by methodist pastor, adam hamilton from kansas. this is an hour and a half. be smart used mac ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [choir singing] [choir singing] ♪ [choir singing] ♪ [choir singing] ♪ [choir singing] ♪ [choir singing] ♪ [choir singing] ♪ [choir singing] [silence] ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [speaking in spanish] [speaking in spanish] >> and again at washington national cathedral. [speaking in spanish] >> it is their great pleasure to extend a warm and welcoming to everyone, to this house of prayer for all people. [speaking in spanish] >> although we have distinct faith traditions and speak different languages, we are united in our shared desire for peace and goodwill for the entire human communit
the debt ceiling allowing more borrowing through spring to pay america's bills and it cuts pay for lawmakers if they can't pass a budget by tax time april 15th. >> most americans believe you don't do your job you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate hasn't pass ad budget in almost four years. >> the last time they pass ad budget the ipad hadn't been introduced. >> reporter: paul ryan will draft the budget with deeper cuts. that's a carrot to get conservatives to go along but some still want to see cuts first. >> will not vote to raise the debt ceiling unless significant efforts are made to fix the under lying problems. >> reporter: senate democrats hint theology pass a budget but not soon. >> approach that when we need to. >> reporter: the white house says even in short term the president will sign pinpoint >> the debt ceiling ought not to be a political football. >> reporter: this republican retreat with one last tanned if they can't compromise lawmakers' paychecks could take a hit. what's still not known is if this is t
made this deal yeah, we are going to extend the debt ceiling. now, it gets attached to a balanced budget. >> two points, in regard to congressman welch. when you have liberal s ip the house and senate, that is their plan to spend more money. i know you are talking about our budget larry, but we have to step back. there is going to be no budget that takes place unless the senate passes a budget. but to get congress both chambers to work together, we need the senate to pass the budget. so we said no budget senate, no pay. that is a way to get the senate to engage. >> i'm not challenging your logic, but i'm challenging your process. the series of dates that is so important one is april 15th. i preseume that is paul ryan's budget. i don't see how you can vote tomorrow on a debt extepgs nsio increase and attach a balanced budget before you know what the balanced budget is. i see that as a problem. i want peter to tackle that. >> we are passing the no budget no pay act. it is going to give both chambers, the senate and the house to pass the budgets. what you are hearing is, the house is
is going to be my lead on the budget. senator baucus is going to be my lead on the debt ceiling. [inaudible conversations] >> outgoing secretary of state hillary clinton will be on capitol hill tomorrow to answer questions about the september 11 attack on the u.s. consulate in benghazi libya. it resulted in the deaths of four americans, including the u.s. ambassador. at 9:00 a.m. eastern, she will testify at a senate foreign relations committee hearing. at 2:00 p.m., she will be at the house foreign affairs committee. we will have full coverage on c-span3 and >> villagers have always meant a lot of time fighting irregular warfare. those terms don't make a heck of a lot of sense. that is one of the big takeaways that i have been doing six years of reading and research for this book. the way we think about this is it's all messed up. we think that somehow, conventional warfare is the norm. it is how these conventional armies slug it out in the open. the reality is those have always been the exception. just think about the more modern world. what was the last mentioned were that we
. >> reporter: the debt ceiling suspension came with a couple strings attached. if senate democrats don't pass a budget-- something they haven't done for four years-- members of congress won't get paid until they do. >> this bill simply says, "congress, do your job." when i grew up in wisconsin, if you had a job and you did the work, then you got paid. if you didn't do the work, you didn't get paid. it's that simple. >> house democrats called the pay ploy a gimmick and said a 90 day reprieve from default simply moves the crisis back. >> for the last two years, we've heard from our republican colleagues economic uncertainty is bad for the economy. guess what? it is. and yet that's exactly what you are doing. another big dose of economic uncertainty. >> reporter: republicans shifted gears on the debt ceiling after a strategy session last week. worried that they have lost the public debate, republicans were clearly trying out a new message today. >> balancing the budget over the next ten years means we save the future for our kids and our grandkids. it also means that we strengthen programs like
. >> i will not vote to raise the debt ceiling unless significant efforts are made to fix the underlying problem. >> reporter: senate democrats hint they will pass a budget, but not necessarily soon. >> we'll approach that when we need to. >> reporter: the white house says even though it's short-term, the president will sign it. >> the debt ceiling ought not to be a political football. >> reporter: this republican retreat with one last stand. if they can't compromise, lawmakers paychecks could take a hit. here's what we still don't know, even if they do pass that temporary extension, what about the budget? could america's credit still see a downgrade? mara? >> something tells me having their paychecks on the line might motivate them. >>> on capitol hill, secretary of state hillary clinton will appear before congress later this morning to testify about the september 11th terrorist attack in bengahzi, libya. clinton will answer questions from the senate and house foreign relations committees about the handling of the attack on a u.s. consulate that killed four americans. clinton had been u
will willing to do that. >> 10 if i'm hearing you right, john, is that using the debt ceiling as kind of hostage in budget negotiations, democrats feel that they won on that and that this is not going to come back again? >> yes and the ultimate sort of dooms day threat from washington, which is we are going to have a default or either a default on debt or selective payment of federal government obligations, appears to be melting away and that puts us back in the more conventional political back and forth about budgets and the automatic cuts. sequester. that gets us back to where we were in the 1980s. it is more of a norm of a political process. if we can stay there, that's good news for this president because it reduces a threat to the economy and of course good news to people working in the economy in the financial market. >> john harwood, thank you very much. to mary thompson now with breaking news. >> announcing charges against three alleged international cyber criminals. the three have been charged again in infiltrating computers around the world, about a million computers around
should not be tying our debt ceiling to an ideological concept about budgets that everybody knows and all of us has had a hand in for political purposes at some time. thank you. >> i might also note about half this congress is two terms or less. we listen to our members who want to have a chance to make sure we did look at the budget moving floor. we were listening to a number of our members and believe before we have to act that we know what we are doing and offer the same challenge to ourselves. >> may i ask you a question? have you ever voted for a continuing resolution? >> i have. >> we all do it. >> the same opportunity exists for anybody who votes as they will choose. the gentleman is recognized. >> thank you. i agree with my colleague from florida. the time for game playing is long past. i would tell him we are in a crisis and the chairman of budget committee, we are still here. the last cycle with the economist from the left and the economist from the right. economist from the left says you are two years away from a serious debt crisis and the congressman from the left said it was
. this is the bill that passed a couple of hours ago increasing the debt ceiling through may 18. if house lawmakers don't pass a budget by april 15, they don't get paid, if senators don't pass a budget by april 15, they don't get paid, the money goes into escrow and to get the money when it passed the budget or when this congress and is, the end of 2014 into early 2015. they will not stand in the way of this three-month increase of the debt ceiling. they want a much longer increase. >> ideally we would extend, raise the debt ceiling for a long period of time so that this is not a question, the uncertainty surrounding as of late 20 political strategy house republicans have taken will be removed. >> the senate will take this bill up and pass the bill, so feebly the white house and the senate, it is a done deal. now, and the senate and the house putting a budget together. john boehner said his budget republicans will release shortly will balance the budget in 10 years. david: rich edson, one of the best reporters i know in washington. we are awaiting the numbers on apple. the stock is about 30% off of
future debt ceiling crises if we know we got some manageable plan and each side has staked out a position, we'll find some commonality, no doubt,nd i think we'll move forward. you know, until the senate actually gets in the game i don't think that's going to happen and i do think that's playing fast and loose for the people. i commend you very much. mr. chairman, i yield back the balance of my time. >> thank you very much, mr. cole. >> thank you, mr. chairman. mr. chairman, you talked at the very beginning of your remarks about a deliberate tif process, how important that was. and mr. ryan talked about regular order. we're all for that, but we're beginning not with a deliberative process and this is not regular order. this is not the product of a deliberation in the ways and means committee and hearings and markups. this really is kind of a back room deal that -- i first read about it when you were on your retreat. so we begin on that note, and i think one way to avoid that characterization would be to agree to what mr. brady asked for is an open rule. i'd ask both of you, mrs. miller, mr
on the budget and the debt ceiling vote. [video clip] >> as the speaker said, our conference will look to vote on a measure tomorrow that will temporarily extend the debt ceiling so that we can see the senate actually begin to do its job. for several years now, i think about four, the senate has not passed a budget. all we're saying is, if the president and the senate, if this country needs to incur more debt, senate, please show us your plan to repay that debt. please show us your plan to control spending. it's about time that we come together, do our work. american people expect no less. in thewhy we will insist house on a budget, no pay, going forward. host: majority leader eric cantor of the house, speaking yesterday evening. what's your advice to republicans for the second obama administration? john in atlanta, georgia, democrat. caller: how are you? my advice is in the form of this. that the congress in both houses, the senate and the house, work and serve at the pleasure of the american people. my advice is do what is best for the american people. pay your? -- pay your debts. pay what y
debt ceilings and spending in the outyears and budget caps and deficit or debt to g.d.p. ratios, that when distilled into common language these are the essential matters that americans care about. because they affect their livelihoods, they affect their capacity to find work and then find higher-paying work. growth of the economy, growth in job creation is essential to the president's vision. it is the core goal that informs everything he does on domestic policy and international policy. so, he believes that not only is it the right strategy to engage the ic people, it is essential as a reflection of why he's in this to begin with. to explain to them his vision and to listen to them about what their hopes are and the direction that they hope the country will move in. >> [inaudible] >> i have no scheduling announcements to make today but i can assure you he will be hitting the road throughout his second term. >> today marks one of the last times we'll see clinton on the public stage as secretary. we heard her receive a lot of praise from members of the senate this morning for her
the debt ceiling for three months in exchange for passing a budget. >> it's time for us to come to a plan that will, in fact, balance the budget over the next ten years. >> reporter: today, white house press secretary jay carney indicated the president would not oppose a short-term solution. now, the battles begin in earnest tomorrow when the house is expected to vote on the debt ceiling bill and when secretary of state hillary clinton will face some tough questions from congressional committees when she appears before them to talk about the terrorist attack in benghazi. brian? >> kristen welker on the white house north lawn tonight, thanks. >>> late word tonight that top u.s. commander in afghanistan, general john allen, has been cleared of engaging in any inappropriate behavior regarding his e-mail exchanges with the woman from tampa, jill kelley. this case came to light originally as part of the petraeus affair. and an investigation was launched. >>> the u.s. state department confirms today three americans were indeed killed during that four-day hostage standoff in algeria. seven ameri
a clean, long-term debt ceiling increase and a bipartisan balanced budget that protects medicare and social security, invests in the future and responsibly reduces the deficit. we all know that. we know that as we go forward to reduce the deficit we need growth and job creation, we need spending cuts, we need revenue. democrats have already agreed to $1.6 trillion in spending cuts. democrats have already agreed to more than $1 trillion in medicare savings to strengthen medicare and protect ben fish cares and not to asess their benefits. democrats and republicans came together to avert the fiscal cliff and raise revenues by delinking the tax cut for the high end from to the tax cuts for the middle class. we all agree more can and must be done to get our fiscal house in order. but we must face the facts. real, lasting deficit reduction will only be achieve through the an approach that is balanced, fair, and focused on the jobs, on jobs and the prosperity of our middle class. unfortunately, this bill on the floor today fails to meet those standards. americans an members of congress
cuts. it could be a key to the house vote today on the debt ceiling battle. nancy cortes is on capitol hill. good morning. >> reporter: good morning. that vote is set to take place in the next couple hours. this is the week we thought the big fight over raising the debt ceiling was going to get under way. that's something senate democrats haven't managed to do since 2009. no budget, no pay. that is the message from the house republican leader. >> americans believe if you don't do your job, you shouldn't get paid. that's the basis for no budget, no pay. >> reporter: the bill they will be voting on today calls for a temporary suspension of the debt ceiling until mid-may, but it requires the house and senate to craft budgets by april while members' salaries will be held in escrow. paul ryan explains the strategy. >> in the house, democrats and republicans have been leading by offering budgets and offering alternatives. the senate hasn't even done that. all we're saying is let's get the senate in here to do that to see how we're going to figure out the p
rd. there's a new debt ceiling plan from speaker john boehner and the house republicans that could force senate democrats to finally show their hand and pass a budget. plus it's only day four of president obama's second term, but joe biden is already commenting on possibly running for the top job himself in 2016. we'll show you what he said in a minute. first the new developments in the debate over guns in america. the national rifle association last night delivered a sharp response to president obama's inaugural address. speaking in reno, nevada, way waywayn wayne lapierre lashed out at one word from president obama. >> we cannot mistake absolutism, or treat name calling as reasoned debate. >> obama wants to turn the idea of absolutism into a dirty word, just another word for extremism. he wants you, all of you, and americans throughout all of this country, to accept the idea of principles as he sees fit. it's a way of redefining words so that commonsense is turned upside down and that nobody knows the difference. >> lapierre vowed not to give ground on gun control including effor
republicans pushed through a bill to extend the debt ceiling and tying congressional pay to passage of the budget. senate majority leader says he is okay with it. outgoing defense secretary leon panetta is changing policy to allow women to serve in front line combat positio positions. we'll get a live update for the pentagon. your tax dollars are sending f-16 planes to egypt despite anti-semattic comments made by egypt's new leader. busy day on "special report" at 6:00 eastern but now back to "the five." ♪ ♪ >> bob: you were saying? >> dana: so, greg, almost just caused a problem on the show. >> greg: no, i didn't. >> dana: yes, you did. wow! he doesn't know the words to that song and he was making them up. there is a certain word that rhymes with "truck" he was going to sing. i was supposed to talk about facebook and social media how it can be a blessing and a curse. we talk about this the other day. so, remember back in high school, if you found out that your friend invited another friend go to an event but you didn't necessarily know about it right away. it wasn't rubbed in y
ceiling, just three months, and if a budget doesn't pass, then members of congress can't get any pay, their pay is held up, i think that we ought to ask them, then, to put up all the votes, i mean enough votes to pass the bill, to see if their members, who have pledged not to raise the debt ceiling, who said they wouldn't do it unless there were deep cuts for every dollar, for every dollar that the debt ceiling was raised, a dollar in cuts. >> sure. >> let's see what they do tomorrow. >> congresswoman jan schakowsky, thanks for joining us tonight. appreciate it so much there a lot more coming up in the next half hour of "the ed show." stay with us. >> this is our generation's rendezvous with destiny. >> republicans can't win elections with their policies. so rights in the gang are hard at work rigging the electoral college system. the latest stunner from virginia is next. >> he's had it with taxes. he says he's going to take drastic action. he says he's had enough. >> legendary golfer phil mickelson is complaining about his new tax rates. we'll tell you why he should stick to golf. >
through this preliminary skirmish by putting off the debt ceiling for four months or three months, but in the and we're still going to have a budget fight about what is actually in the budget. that is still to come. gerri: to you. >> the good news is we have two other opportunities in which we can address the spending problem. the debt problem of the half. on march 1st the sequester cuts, the automatic spending cuts come into affect. people hold the line, those will be -- [talking over each other] >> a little bit. less than half. that can be adjusted later with an emergency supplemental if there are serious problems. secondly, march 27 the government runs out of money because we have not had the budget the last three or four years. really been operating by continuing resolutions that continue spending at the same level. their i think republicans are on strong ground saying we need to have spending cuts your. not just the rich but social security payers. so i think this is only the third option that we are going to have the debt ceiling. gerri: you're telling me my life could be fi
these problems. >> can i ask you about a quick question on raising the debt ceiling for three months without the corresponding budget cuts, is that something you support? >> yes, i'm saying yes i would vote for it, but what i want to do is i want a solution. we need the senate to do it's job. they have to pass a budget in this country so we can get to reconciliation and work our differences out. >> thanks for being with us, it's nice to see you. >> ahead this morning, we're going to talk about secretary clinton's testimony. there's a lot of things that have not been answered. >> she took responsibility, but that doesn't wipe away the fact it happened. it's a cover up -- >> cover up is a strong word. >> there has been a lot of dancing around the issue. >> ambassador rice was getting the kind of questions that frankly only secretary clinton can be answers. >> we have coverage of the testimony with wolf blitzer. >>> it is a bitter, blistery, and deadly cold snap. in chicago, more than 300 firefighters had to fight a warehouse fire in single digit temperatures. the building, this morning, is cov
is really set in stone. this bill would extend the debt ceiling until may 19. it requires the house and senate to pass a budget. if they pass a budget resolution, they do not get their pay with help. they are not paid until the end of this congress. republicans say they feel hopeful and optimistic that this thing will pass. a number of republicans are saying that it will pass. we will be watching that today. as for the u.s. senate and white house, they have not ruled out this proposal. they are fine with a short term debt ceiling increase. they want to see some longer-term. they have not given it exactly a seal of approval. it seems they both parties could get behind this proposal. the first step through the u.s. house. back to you. dagen: thank you for that. let's bring in our laffer, former economic adviser to president ronald reagan. politicians will never get anything serious done. >> you are probably right. they probably will not get a lot done in the long run. the debt ceiling is one tool to get a little from the democrats and bring some spending down. this is not going to be
'll talk to him when he gets here about the budget, about the debt ceiling debacle in the united states and about whether or not america with sort of capture this economic dinahism that you say talk about so much in the face of all of these problems going on in washington, the congress and inability to get anything done. can we actually overcome that and have a great year. >> all right. ali velshi? davos. thank you. so nice to see you. so interesting, too, they talk about how the future will not be a u.s. and europe led world. it's china, india, some of these emerging markets. they talks about the next 100 year, not necessary lit next quarter. >>> high drama below ground. coming up, the race to save a woman who falls on to the subway tracks. [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ [ male announcer ] when it comes to the financial obstacles military families face, we understand. our financial advice is geared specifically to current and former military members and their families. [
strong. now interesting note on the republicans. on the other hand they caved on the debt ceiling. so why did they cave on the debt ceiling. we have an expert on that. i think that's really interesting, and what do they plan to do on the budget fights instead. and then there is an unbelievable documentary on how wall street got away with clear criminal action. it's a devastating story. i can't wait to share it. >> jennifer: all right. cenk uygur "young turks" at the top of the hour. thanks, cenk. >> thank you. >> jennifer: now we're going to turn to a story about equality. located in the nation's capitol, washington national cathedral is the sixth largest cathedral in the world, and the second largest in the united states. it was built in 1792. it is magnificent. it has hosted many important events. it is also a place where local d.c. resident goes to pray and baptize their children and get married. and now for the first time in the institution's more than 200-year history, gay couples can officially get married at the cathedral too. here to tell us about this exciti
. >> reporter: house republicans are expected to vote wednesday on a three- month extension of the debt ceiling - but with a stipulation the senate passes a budget in the next few months. the white house says it's ready to work towards something lasting. >> what we support is a long-term raising of the debt ceiling so that we don't have any doubt or uncertainty for businesses or the global economy about the simple proposition that the united states always pays its bills >> reporter: also on the president's radar in the next four years- comprehensive immigration reform. and in the aftermath of the newtown, connecticut school schooting - a push for congress to pass tighter gun control laws. in washington, i'm tory dunnan. >> pam: the california state university system says it needs about a quarter billion dollars more in state funding. than what governor brown is proposing in his latest budget. university officials say they need 371-million dollars for the upcoming academic year to pay for salary raises. maintenance and equipment. brown wants to give the 23- campus system 125-million extra. 10-mi
: house speaker john boehner said republicans were willing to suspend the debt ceiling for three months. sending democrats to act. >> it has been nearly four years since the senate has done a budget. most americans believe you don't do your job, you shouldn't get paid. that's the basis. no budget; no pay. it is time for the senate to act. >> reporter: the white house called the move by house republicans "significant," though the administration still argues a short-term extension of borrowing authority does not go far enough. >> what we support is a long- term raising of the debt ceiling so that we don't have any doubt or uncertainty for businesses or the global economy about the simple proposition that the united states always pays its bills. >> reporter: at a house hearing on the debt ceiling debate, simon johnson, a former chief economist for the i.m.f. warned the continuing controversy could roil global markets and hurt the u.s. at home. >> if you don't raise the debt ceiling now, or if you postpone this confrontation, if you say every 60, 90, or 100 days, we're going to again have t
ceiling, let it float. in return, you see the democrats in the senate drawing up a budget. i think obama's -- his olive branch is, okay, i'll take this one extension to bring stability to the situation, but it's not happening again because we have to get the job doab. it's progress. it's better than the last few months. lou: some combative about it and characterize the president as being so contentious. it's the first intelligent step taken by the republicans and gives, you know, i i think hope to the nation, the first intelligent step taken by the president. they actually are moving towards one another. it looked to me like something we ought to be kind of saying hallelujah about other than analyzing, if i may, in such, well, i don't know, unsettling parts of the terms. >> it's progress. >> the heavy weight boxes match, they touch the gloves at the start of the fight. please, don't misinterpret that's a good sign. it's a show to the nation. lou: see, i'm surrounded by cynicism. everywhere i turn around here.
to clear the senate and head to the white house. this suspends the debt ceiling until may 18th. on may 19th the government increases the debt ceiling by the amount of the debt we have accrued and. pay is suspended for lawmakers in the house if they don't pass the budget or in the senate if they don't have a budget passed by april 15th. that money goes into escrow account and won't get paid until the end of the 113th congress which comes to conclusion at end of the 2014. bill goes to the senate where senate majority leader harry reid says the senate will pass it. >> i thank speaker boehner for his leadership in diffusing a fight over the debt ceiling debate. >> now the white house says the president will not stand in the way of this bill becoming law but they are seeking a longer term debt ceiling solution as are democrats and republicans. the problem is, how are you going to do it? republicans say they will come out with a budget that makes sure the balanced budget occurs in the u.s. by the next 10 years, but they say they don't have to raise taxes to do it. democrats are still looking for
they won the round because the debt ceiling will go up in may. without offsetting spending cuts. republicans counter getting the senate democrats to agree to a budget by april means for the first time in four years congress may be able to show some degree of real fiscal discipline. bret? >> bret: thank you. senate majority leader harry reid hopes to get a deal done soon with republicans over new filibuster rules. they want to require senators to be present when they filibuster. republicans are resisting that. reid hinted he may use the so-called nuclear option to change the rules, with a simple majority of 51 votes instead of the usual two-third. the dow continued its momentum, up for a fourth day if a row today. industrial average gained 67. to reach the highest closing value since halloween of 2007. the s&p 500 finished ahead two. the nasdaq increased 10-1/2. we will hear from the chairman of the house foreign affairs committee a bit later. up next, why you are giving a powerful weapon to enemy of a friend. [ male announcer ] ok, here's the way the system works. let's say you
, melissa. melissa: tomorrow is the big day, the house vote on extending the debt ceiling. there is a catch. that means lawmakers won't get paid unless they actually pass a budget. i love it! our panel joins us with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ officemax can help you drive supply costs down... and down. use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of big deals now... at officemax. girl: don't look at me. second girl: your hair's a bit frizzy today. aw! ha ha! you should pick that up. announcer: every day, kids witness bullying. poor you. ha ha! they want to help but don't know how. teach your kids how to be more than a bystander. visit lori: all right. back to business in washington now republicans hold a big vote to whether or not to extend the debt limit until may. if congress doesn't pass a budget by april 15th they no longer get paid! i have no problem with that. our panel is here with their take on
's tenure. the only time we had this kind of chaos over the debt ceiling was in 2011, the last time we ran up against this. >> time out for a second. we have never had this kind of series of unsustainable budget deficits that threaten the future -- >> not true. >> okay, world war ii. >> aside from that. >> in relative peace time we never had this type of threat to the united states of america. >> so i disagree. >> you can disagree, that is fine, let me finish. we have to act, i would love to act in a more accommodating way. but we have a president who doesn't seem to care about deficits and debt. he will mouth piece. >> you're in a good place. >> i have -- >> i have seen this gentleman in the white house act as he has acted now for four years, and he could have done a lot of things concerning the deficit, the debt, he controlled the united states house -- >> we don't have much time. >> he said -- >> put the talking points and the president aside and let's talk about how we get to where we are to where we need to be. i think it will pass, we have a number of months, i would say you and your
and then there were negotiations and a last minute deal. you have a plan to deal with the debt ceiling. i want you to explain it. i've been skeptical of it, but i'm coming around and see that they might actually be some wisdom behind it and i'm giving you credit as a strong credit of the cliff deal. explain it. >> what's going forward right now, we do not want to give any long-term new debt limit as you go forward. so what we're saying is here is the senate that has not produced a budget. you know it, sean, your listeners know it, but not many across america. the last time this democrat-controlled senate passed a budget, the ipad wasn't even introduced yet and they've already gone through what, three different versions? so we're doing a short-term moving the debt limit past the april 15th deadline, 'cause the most responsible thing any elected official could do is do a budget. how do you plan for the future. so we move it to there and if you don't pass the budget you don't get paid and now what? before that time, those cuts that we fought for in the last debt limit. they go into effect the first o
to the debt ceiling must be matched by spending cuts. it was the swiftest and most drastic position switch in boehner's speakership. it was not lost on kevin mccarthy who said, "what they'll say after that vote, this is the day of the comeback." maybe if comeback also conotes fractious and uncertain strategy. with no democratic support, the way could go the way of boehner's plan b if just seven republicans break rank. and they still have to contend with the rightward flank. >> you wouldn't believe the number of conservative commentators, hey, you know what, we're going to have to start backing off obama, he's not really a bad guy, not a socialist marxist, he's just a chicago thug. we're becoming isolated on an island here, it's very small. it's a drift out in the middle of nowhere. >> joining us now to discuss this is the sage of capitol hill, nbc's luke russert. luke, it never stops being -- >> how are you? >> i'm great. i'm great. >> thanks for quoting jake sherman. he's a good american. way to quote him on the intro. >> you're welcome. luke, we know that nothing is secure when it comes
, everybody. the house is expected to vote on extending the debt ceiling. there is a new plan the house will take up which would say no one in the house of congress that doesn't pass a budget should get paid after i believe may 19th or something. is that a plan that would also pass in the senate? >> it might, becky. i've got give the house credit for focusing on the real underlying cause of all this government by cliff we've been living through,s which the fact that the senate doesn't function. senator reed chooses not to do a budget resolution for three consecutive years, we did no appropriation bills, no bill to address the debt ceiling and the consequence of this is we end up at midnight on december 31st with a gun to our head trying to get something done at the last minute nobody's had a chance to look at. what the house is saying is, it's about time the senate actually did what any law requires, which is pass a budget. and begin the process of setting the parameters for how we will solve this problem and live within our means and how we will eventually get on a sustainable fiscal p
late today. have we heard anything? >> well, shep, some conservatives don't love this debt ceiling deal because they don't like the idea of adding to the nation's credit card. but all republicans are frustrated by the senate not passing budgets. so the message that house republicans are sending to their senate colleagues is if you don't do your job you should not get paid. >> right now, the biggest issue is the debt that's crushing the future for our kids and our grand kids. hard working taxpayers understand you can't keep spending money that you don't have. so we're going to continue to focus, especially here over this next 90, 120 day period on bringing some fiscal responsibility to washington. >> sources say late today in that meeting house speaker john boehner announced that house budget chairman paul ryan, the former vice presidential candidate is working on a plan to balance the budget in less than 10 years. that gives some reassurance to conservatives who are anxious about voting to authorize more debt, shep. >> shepard: democrats, mike, said they wanted a longer extension. what'
's debt ceiling through may 19. that vote is set for tomorrow. congressman paul ryan, last year's republican vice presidential nominee, said today republicans want to shift the focus to enacting a budget, with major spending cuts. the senate is going on four years now for not having passed a budget. we think this gives us the time we need in this nation to have a good, thorough vigorous and honest debate about what it takes to get our fiscal house in order and about how to budget. families budget. businesses budget. our federal government should budget. >> ifill: the bill also says if lawmakers don't enact a budget with spending cuts, they won't be paid. in the senate, democratic majority leader harry reid declined to comment on that provision, but he did say that, in general, he welcomes the house move. >> i'm very glad that they sent us up a clean... they're going to send us a clean debt ceiling bill. the other stuff on it will athat when we need to. i'm glad we're not facing crisis here in a matter of a few days. >> sreenivasan: president obama said he wanted a longer-term ex
the debt ceiling until may 18. included in that, two caveats. the senate has to come up with a budget, which they haven't since 2009. did you know that that was before the ipad was created. the chevy volt, bieber fever, and instagram. it's about time the senate actually comes up with a budget. also incorporated into this is if they don't, then members of congress would not get any dough. their paychecks would be suspended. >> steve: speak of dough, gretch, joining us right now, did you realize today is national pie day? we've got the owner of grand traverse pie company in michigan. look at that. we've made animation for you. good morning to you. >> good morning, steve, how are you? >> steve: how many pies do you think you've made since 2009 when they last passed a budget in the senate? >> oh, boy. we've made few hundred thousand pies. i think we've done our work. now we need others to do their work. >> steve: you actually do work with the dough, where the dough is real, unlike funny dough. >> yeah. and the thing is, you combine cherries and blueberries and you get a compromise of the
Search Results 0 to 49 of about 52 (some duplicates have been removed)